Sections 4, 5, and 14, together provides the legislative framework for imposing the income tax, identifying the extent of taxable income, and categorizing income into various heads for computational ...
Monday - Friday, 11:00 - 12:00 SIN/HK | 0500 - 06:00 CET India's Prime Minister Narendra Modi has announced plans to reform the country's goods and services tax regime. The regime is expected to have ...
Supreme Court's Tiger Global ruling says a Mauritius TRC is necessary but not conclusive, allowing Indian tax authorities to ...
The tax and ITR (Income Tax Return) filing system in India is set to undergo a major transformation starting April 1, 2026. The over-60-year-old system is being replaced by the concept of a "Tax Year, ...
Many types of income in India are completely exempt from tax under the Income-tax Act, provided certain conditions are met.
The draft rules are part of a bigger plan to modernise India's income tax system by changing how individuals think about it, ...
NEW DELHI, Aug 15 (Reuters) - India's government will slash the consumption tax it charges consumers and businesses by October, a top official said on Friday, hours after Prime Minister Narendra Modi ...
Taxation in India is the primary tool for the government to generate revenue, which is subsequently used for infrastructure development, social welfare, and national security. The system is a ...